A role based method to systemically delegate control responsibility throughout the organisation to ensure controls are deeply embedded at all levels. role based means any changes to the organisational chart are automatically reflected in the control plan. Supervisors, team members and new starters receive a complete picture off their responsibilities under the risk management plan. It is difficult to determine the effectiveness of controls without a person (role) being given ownership for that control.
Status reporting is built in making reports available for both executive management and the risk and audit committee. The control effectiveness can be systematically examined to understand the criticality of the control.
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